tay ioi's comment on BPLANT. All Comments

tay ioi
4 Like · Reply
Expect fantastic results this quarter. Coming soon.
nazr zach
Yes. BPlant surely make more than usual net profit amid high crude Palm oil prices in Jan - Mac. Min 35% increase.
Like · 3 months · translate
nazr zach
KUALA LUMPUR: Malaysia, the world’s second-largest palm oil producer, plans to leverage the global edible oil shortage and “political tension in Europe” to regain market share after buyers shunned the commodity over environmental concerns.

Palm oil is used to make everything from lipstick to noodles.
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Vince
When is the expected QR?
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nazr zach
25th this month
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Pali Palito
Base on monthly production report, output for Q1 2022 is almost 20% less than Q3 2021. And I notice that the avg price for cpo is much lower from Q3 2021. But the sentiment still good for now
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nazr zach
Pali.. if you want to compare revenue and net earnings, you need to compare q-o-q. You cannot compare last quarter with previous quarter.
We dont do that in Finance.
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nazr zach
let me check
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nazr zach
1QFY22 Month Plantation Output about 195k tons whereas 1QFY21 was only 180k tons.
Monthly Average price for Jan-Mac FY22 are 5.1, 5.9, 6.9 ('000 MYR/ton)
Last year, FY21, Jan-Dec was <4.0 to 5.3 whereas Monthly Average price for same quarter, 1QFY21 about 4.2 ('000 MYR/ton)

You can find crude palm oil prices at;
https://bepi.mpob.gov.my/admin2/price_local_daily_view_cpo_msia.php?more=Y&jenis=1Y&tahun=2021

On a side note, BPlant sell their palm oil according with spot prices NOT average price.
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Like · 3 months · translate
nazr zach
Difference in prices already 50% increase q-o-q. Addition to that, quarterly output in 1QFY22, BPlant recorded another 8% higher than in the quarterly output in 1QFY22 q-o-q.
1 Like · 3 months · translate
nazr zach
pls be careful with statement such as this. panic sale can ensue.
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nazr zach
Last Jan, BPlant sold a land in Kulai, Johor worth more than MYR400mil. This will contribute directly to net profit after less tax and etc. And FY22 forecast were based on lower ASP. See below.
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nazr zach
Following our industry-wide CPO ASP revisions to MYR4,100/t (from MYR3,200/t) for 2022E and MYR3,200/t (from MYR3,000/t) for 2023E, we raise BPLANT FY22E/23E core EPS forecasts by 124%/28% respectively. Our FY22E headline EPS is raised by 481% as we incorporate an estimated MYR323m (14.4sen/sh) of Kulai land disposal gain (664ha sold) that was completed on 27 Jan. The sale raised MYR429m (19.2sen/sh) in cash proceeds. We also introduce FY24E EPS forecast.
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nazr zach
Based on my back envelope calculation, BPlant fair value should easily be around MYR 2.90 per share.
2 Like · 3 months · translate
Pali Palito
The price pressed down hardly this week. Can we say that was an impact from global market?
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Vince
Surely affected from global market.. Worst is development due to increase of interest rate.
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yutaka tong
min wage1500 also affect
1 Like · 3 months · translate
nazr zach
Lets weigh today's dip for a second.
1 Min wage MYR1500. This is not labour intensive industry. No of employee per km is very low unlike in manufacturing industry.
2 Increase interest rate can lead to economic slowdown or recession. Its still early to say will this happen in Malaysia. Since rise in energy prices recently, economic slowdown will more likely to happen in other countries e.g. US, EU, Japan and etc. PRC recorded increase in GDP growth recently and intend to meet GDP target for FY22.
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nazr zach
3 Replacement for high cost in energy commodity lead EU to look for other alternatives e.g. biodiesel and lift ban in import palm oil into EU especially France.
4 US currency is getting stronger. 1 USD = MYR 4.39
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nazr zach
5 Rise in energy price. Gasoline in Malaysia only cost USD0.65 per gallon compared with in US USD 4.00++ per gallon.
I think market over exaggerating today's sentiment has on BPlant.

In short, short sellers love bad news. BPlant share price dipped caused by them today.
Its so easy to create a sell off. We set our cut loss automatically. Short seller shorts with their minnions, triggerred our cutloss and BPlant fell.
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nazr zach
Malaysian palm oil futures consolidated below the MYR 6,500-per-tonne level as rising inventories, and weak export demand from Malaysia prompted some profit-taking after a massive rally that drove prices to a record closing level in late April. The latest Malaysian Palm Oil Board report showed that palm oil inventories jumped to a five-month peak of 1.64 million tonnes. Production grew 3.6% from March to 1.46 million tonnes, the highest since November.
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Like · 2 months · translate
nazr zach013
Malaysian palm oil futures consolidated above the MYR 6,200-a-tonne level, rebounding from a five-week low around MYR 5,925 after Indonesia said it would impose a domestic sales requirement for the vegetable oil.
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nazr zach013
Shipments from the world's second-largest producer for May 1-15 rose 23.9% to 613,649 tonnes from the same week in April, data from cargo surveyor Societe Generale de Surveillance showed.
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Lee Bee Wan
when is the next dividend due
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Lee Bee Wan
expect gd dividend yield
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Tan Hong Jie
good qr
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Vince
Very nice QR!
1 Like · 2 months · translate
nazr zach
BPlant definitely make more than usual earning 1QFY22 q-o-q. But her share price doesn't reflect this with CPO price still at elevated level around MYR6,350 compared to MYR2,500 prior pre pandemic levels. PE ratio way too low!!!!
Somebody out there insults our intelligence as minority shareholders.
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Michael Yong
still stuck at high floor...buy at 1.2++
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nazr zach
Pls check BPlant latest QR just out. Net earning last quarter beats the whole year last year!!
1 Like · 2 months · translate
Pali Palito
No matter how much profit the got, if the price did not go up we got nothing
1 Like · 2 months · translate
nazr zach
I am confident BPlant price will go up. BPlant give interim dividen 7.5sen for those who buy her shares before 8th June. Come on man.. cheer up.
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Henry Kck
profit more than revenue?
1 Like · 2 months · translate
dynio07
Gain on disposal bro..see the p&l report
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nazr zach
Landbank sale
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nazr zach
@michael, I advice you keep you stock until 9th June after BPlant disburse 7.5sen per share dividend. Maybe there will be a rally until 8th June. You will get your money back if share price goes up to 1.13 by them. This counter is not for many of us. BPlant is not our place to have some fun. All the best, Michael.
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Billy Caymann
Can buy somemore? Prospect looks good still until end of year
1 Like · 2 months · translate
nazr zach
Yes. Why not. CPO price this year around MYR5500 compare with CPO price before pandamic at only MYR2,500 per tan. BPlant will continue make profit throughout the year. 1st quarter performance alone beats whole year FY21 earning. Only buy at lowest average price and hold on to it to earn some cash in dividend.
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Billy Caymann
Yes. Ok. Same sentiment n direction.
1 Like · 2 months · translate
Wilson Yeoh
Minus gain from disposal of asset, profit still at 111 mil, which is a huge jump of over +300% YoY and +30% QoQ. We know Q1 is usually a softer quarter for oil palm and yet, it managed to record surge in profit. Do read and interpret the QR properly.
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nazr zach
Actually we have been waiting for this QR. We also know BPlant has considerable large landbank located at prime locations. We estimated BPlant 1QFY22 should gain 35% increase in earning q-o-q without landbank sale. As for y-o-y performance, BPlant already beat last year gain only in FY22 1st quartee. Its a good performance.
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1 Like · 2 months · translate
Jeffrey Tan
Hey wilson may i knw how to get 111m as i thought it was 70+ m
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nazr zach
Ayo yoooo... Jeff sudah marahh
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Michael Yong
the tax is 77 M is include disposal of land, so actual profit (without disposal) sure higher than 70 M
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Michael Yong
we are did not know excact actual profit (without disposal ) due to the report lamsam all tax and cost together...but should be more than 100M ++ profit , still good qtr ...
1 Like · 2 months · translate